January 9, 2004 |
Just months after receiving more than $1.5 billion in rate cuts and rebates, customers of Southern California Edison will see electricity rates rise about 3% this year. The rate increase announced Thursday will add about $1.50 to the monthly bill for an average household and about $3 to the monthly bill for a typical small business served by SCE, said Akbar Jazayeri, SCE's director of revenue and tariffs. The increase is effective Jan. 1 and should begin appearing on customer bills next month.
January 24, 2002 |
Edison International's Southern California Edison, the state's second-largest utility, will be allowed to use $1.2 billion from unpaid dividends for operating expenses, California regulators said. The state's Public Utilities Commission voted 5 to 0 for the resolution. The Office of Ratepayer Advocates, a consumer protection arm of the PUC, had urged the panel to reject it, saying the money should be used to pay debt. Shares of Rosemead-based Edison rose 41 cents to close at $15.48 on the NYSE.
October 20, 2001 |
Edison International posted a third-quarter net loss Friday while its troubled utility saw operating earnings jump threefold, illustrating how Southern California Edison will pay its big debts. Rosemead-based Edison International said it lost $413 million during the quarter, or $1.27 a share, reflecting a $1.15-billion write-down from a recent half-price sale of two power plants in Britain and sluggish performance by its non-utility subsidiaries.
November 28, 1990 |
A federal law judge Tuesday recommended that the Federal Energy Regulatory Commission prohibit Southern California Edison from merging with San Diego Gas & Electric because the combination would stifle utility competition, generate few benefits for utility customers and further degrade Southern California air quality.
CALIFORNIA | LOCAL
December 8, 1989 |
State regulators Thursday ordered Southern California Edison to tell a San Diego-based consumer group how much it has spent on local lawyers and consultants related to its proposed merger with San Diego Gas & Electric. But Lynn Carew, an administrative law judge with the state Public Utilities Commission, did not order the Rosemead-based utility to describe how much individual consultants and attorneys are being paid.
September 1, 1988 |
SCEcorp, the parent company of Southern California Edison Co., on Wednesday raised the value of its stock swap merger bid for San Diego Gas & Electric to $2.16 billion from $2.12 billion, according to spokesmen at both utilities. SCEcorp has demanded a response from SDG&E's board of directors by the close of business today.
CALIFORNIA | LOCAL
January 26, 1989 |
San Diego Gas & Electric Chairman Thomas Page on Wednesday denied a local consumer group's allegations that executives from Southern California Edison have taken control of the San based utility. "Contrary to what some might suggest, I'm not being 'puppetized,' " Page said Wednesday during an interview in his downtown San Diego office. "I am in charge of this business, I am running this corporation on a daily basis."
CALIFORNIA | LOCAL
April 6, 1989 |
The chairman of SCEcorp offered San Diego Gas & Electric board member Malin Burnham a seat on SCEcorp's board of directors several days before SDG&E accepted a proposed merger with Southern California Edison, a former SDG&E board member said Wednesday. O.
October 29, 1988 |
Rosemead-based SCEcorp on Friday formally requested state approval to acquire San Diego Gas & Electric and merge it into SCE's Southern California Edison subsidiary. SCE previously had given regulators informal notice of its intended $2.16-billion stock-swap offer. In the filing, SCE described its proposed merger as "potentially superior" to SDG&E's proposed merger with Tucson Electric Power, a coal-rich public utility in Arizona.
October 4, 1988 |
A Superior Court judge in San Diego will hear SCEcorp's demand that San Diego Gas & Electric turn over its shareholder mailing list to SCE, the parent company of Southern California Edison, spokesmen for both companies said Monday.